Archive for Access to Private Capital

When you are doing leveraged financing, where an institution (like a bank) lends money on the property and creates a mortgage lien in the first (senior position).  That means in case of default, the institution gets fully paid back the principal and it's collection costs before any other lien holder gets paid.

Other lien holders (e.g. you investor) are in the 2nd position–holding a junior lien.  In case of default it is unlikely that little or any of their investment will be repaid.  This risk can be unacceptable to many private lenders.

You don't want to just ask for the “exact” (e.g. estimated ) cost of a rehab project.  Often costs will increase due higher material costs, unexpected repairs, and time delays.  The professor's rule of thumb is to add an additional 10% for minor rehab (<= $5,000), and higher percentages as the rehab becomes more extensive.

The professor as created a useful algorithm for this in his Deal Evaluation Tool.  This is an excel spreadsheet you can use to generate all your financial information for you and your investors for any type of real estate deal.  You can check it out at:

http://investorwealth.com/rich…..ey/det.htm

Question: “- – – I don’t see being able to pay them monthly, and I am not sure I want to share in the equity – – – what is your take on it?”

Investors can be your most valuable asset, and the cost of what you pay them is always worth it.  So if you can't make monthly payments out of the cash flow from your project then you have 2 choices:

1) Reward investors with equity–a percent of your profit.  If the investor puts up all the money, giving them a minimum of 50% of the profit is pretty standard, and you may want to give them even more to get them on board for your first deal.

2) Offer deferred interest – that is, all the interest due and the principal owed will be paid when you exit from the deal (usually by selling the property).

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An intensive personal 8-week training
to bring you to getting the check

Here’s How to Enroll in the Private Money Mastery Program

The Private Money Mastery Program is a short-term intensive 8-week training the will give You the entrepreneur, the “real life” skills, ability and every Resource you need to go out and find those high-net worth individuals who are interested in investing in your business and then actually convince them to write a check.

The system is based on Professor Richard Odessey’s GRAD formula (Get Ready, Attract, Deliver).  Richard is both a longtime entrepreneur and a Private Investor himself.   You will learn directly from Richard and the CEO of his Angel Investor Group.

And you will get personalized instruction that you can apply to your very own business and go out and raise the capital you need to succeed.

Here is the knowledge and skills you will develop:

I. Get Ready

When you meet with those Angel Investors (or anyone else who might invest), you’ll want to be totally prepared.  Imagine the confidence you’ll have knowing you have a great plan, a great investment and that you can easily respond to anything an investor throws at you.

So, well start off by helping you:

  • create your credibility kit including an impressive bio, business summary, and testimonials
  • create your board of Advisors and Strategic Team to bolster your credibility and appeal to investors
  • For real estate investors we’ll show you how to put together your property  package
  • Create your offer that will stimulate the greed glands of your investors without giving away the farm.
  • Make sure you have the proper “investor-friendly” entity structure
  • Create your 1 page investor profile (sophisticated investors with big bucks will expect this).
  • Create a timeline so you can accomplish your goads in weeks, not months or years

II. Attract

In the “Attract” phase you will develop the tools and resources to find the investors that are right for your business and learn how to get them interested in investing.

You will:

  • Work with your list of contacts and learn how to expand
  • Get an in depth understanding of investor psychology and learn what buttons to push
  • Develop an “elevator pitch” that will catch the attention of investors
  • Learn how “Get the Meeting”
  • Develop master networking skills.

III. Deliver

This is the “show me the money” part of the formula.  It consists of:

  • Developing a Powerful, Concise and Effective powerpoint presentation
  • Recording it.
  • Having your presentation professionally critiqued
  • And practice, practice, practice
  • Going over questions you will be asked and how to answer them.
  • How to ask for the money

If you agree to put in the work, we can show you how to master all these skills, and go out and get the money.

Private Money Mastery is an 8 week intense program.   You will be mentored by 2 master instructors: an experienced entrepreneur/and investor, and the CEO of an Angel Investor Group.

This is a totally unique program devoted to skill mastery and is only for entrepreneurs willing to do whatever it takes to succeed.

Please Fill out and Submit the Application below.
Richard will contact you to set up your first meeting.


Tell Us About Yourself
First Name *
Last Name *
Email *
Phone 1 *
Street Address 1 *
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City *
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RE Experience Level
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Why Join this Program
3 Strengths
3 Weaknesses
Private mortgage lenders

The 4th session of the
Advanced Private Lending Summit
(APLS-1009)
completed just a couple of weeks ago and,
as always, everything gets better and more enriching every time it happens.

(Keep Reading to Find Out How You Too can Have The Same Success. Watch the short video at the end of this article.)  

 

Attendees to this APLS came from California, Utah, New Jersey, Texas, Georgia, Illinois, Connecticut, and Maryland.

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Their backgrounds and their experiences were:

  • A business consultant and coach for small businesses in the South and Northeast,
  • Beginning real estate investors,
  • A long-time successful rehabber and contractor now taking advantage of the unbelievable prices of 2-flats to 6-flats in the city, 
  • A husband and wife team with 25 years property management experience and now beginning their own investments into multifamily properties, and
  • Long time business partners in the rehabbing and flipping niche – now private lenders themselves as well.

Special to note here is that one attendee, Stefan Szlembarski from Illinois, joined the InvestorWealthNetwork.com three months before coming to the APLS and learned what he needed to take the first big step and landed a $300,000 investor for his business.

Stefan also took advantage of the InvestorWealthNetwork.com, ‘members only discount’, for the Advanced Private Lending Summit and joined us here in Atlanta to really turn the fire up under his new private money generating abilities.

(Watch this clip of the 1st day of the APLS where Stefan tells us about his successes just from the information he got from his InvestorWealthNetwork.com Membership, AND USED to raise $300,000.)

angel investor groups-venture capitalLooking to join or network with Angel Investors.  Find the group nearest you with this state by state list.

Angel Investor Groups (Excel)

simoclosingsimg2-197x200 private money short sales

With so many homes going into foreclosure, or already taken back by a lender, Real Estate Investors have the opportunity of a lifetime to make huge profits by negotiating

  • 1) short sales with lenders who foreclosing on homes
  • 2) big discounts on bank-owned inventory (REO’s)

and then reselling them to a new buyer at a higher price thus making a profit while still offering the  new buyer a great discount.

In the past, these types of flips could be accomplished in a simultaneous closing such that the investor closes with the buyer, and simultaneously uses those funds to pay off the lender at the negotiated price and pocketing the difference as his profit.

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Net net this is a nothing down transaction because the investor is using the buyer’s funds to pay the lender.

Unfortunately, this is no longer legal and will not be permitted by the lender, and closing attorneys will not do it. Read More→

find private money lenders

An interview with a Financial Advisor to High Net Worth Private Investors

This is a ‘Must-Listen’ to anyone interested in raising money for their Business

 

In this “kiss & tell” interview you will

Find out:

·What thing will automatically give you away as an amateur.

·What ROI private investors are looking for

·Whether to offer promissory notes or equity participation

·How long private lenders will wait to get their money back

·How to explain the risks in an investment

·And much, much more…

This is true inside information, exclusive to Members of the Investor Wealth Network.

How to get in touch with Randy Brunson:

www.CenturionAG.com (subscribe to the newsletter)

Email: rbrunson@centurionag.com

Phone: (770) 817-0525 begin_of_the_skype_highlighting (770) 817-0525 end_of_the_skype_highlighting